Hantz Financial Services Inc. Acquires 1,940 Shares of Public Storage $PSA

Hantz Financial Services Inc. boosted its holdings in shares of Public Storage (NYSE:PSA) by 13.8% during the fourth quarter, HoldingsChannel reports. The fund owned 16,016 shares of the real estate investment trust’s stock after purchasing an additional 1,940 shares during the quarter. Hantz Financial Services Inc.’s holdings in Public Storage were worth $4,156,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Public Storage by 9.9% during the 4th quarter. Vanguard Group Inc. now owns 25,343,098 shares of the real estate investment trust’s stock worth $6,576,534,000 after acquiring an additional 2,274,397 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Public Storage by 5.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,334,488 shares of the real estate investment trust’s stock worth $963,177,000 after acquiring an additional 177,421 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Public Storage by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,194,212 shares of the real estate investment trust’s stock worth $633,796,000 after acquiring an additional 49,996 shares during the last quarter. APG Asset Management US Inc. grew its holdings in Public Storage by 0.7% during the 3rd quarter. APG Asset Management US Inc. now owns 2,184,979 shares of the real estate investment trust’s stock worth $635,130,000 after acquiring an additional 14,367 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Public Storage by 5.2% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,940,574 shares of the real estate investment trust’s stock worth $560,535,000 after acquiring an additional 96,627 shares during the last quarter. 78.79% of the stock is owned by institutional investors.

Public Storage Trading Down 0.1%

NYSE:PSA opened at $304.96 on Tuesday. The firm’s fifty day moving average is $293.32 and its 200-day moving average is $285.14. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.56 and a current ratio of 0.56. Public Storage has a 52 week low of $256.54 and a 52 week high of $313.51. The firm has a market cap of $53.54 billion, a P/E ratio of 31.47, a P/E/G ratio of 4.17 and a beta of 1.00.

Public Storage (NYSE:PSA) last released its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the company earned $4.12 EPS. Public Storage’s quarterly revenue was down .1% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Equities analysts expect that Public Storage will post 16.89 earnings per share for the current year.

Public Storage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Monday, June 15th. Public Storage’s payout ratio is presently 123.84%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PSA shares. Jefferies Financial Group boosted their target price on shares of Public Storage from $350.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Bank of America lowered shares of Public Storage from a “buy” rating to a “neutral” rating and set a $310.00 price objective on the stock. in a research note on Thursday, February 5th. Wells Fargo & Company lowered shares of Public Storage from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $330.00 to $295.00 in a research note on Thursday, February 5th. Evercore set a $306.00 price objective on shares of Public Storage in a research note on Monday, May 4th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $341.00 price objective on shares of Public Storage in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, Public Storage currently has an average rating of “Hold” and a consensus target price of $314.33.

Public Storage Profile

Public Storage (NYSE: PSA) is a real estate investment trust (REIT) that specializes in self-storage services. Headquartered in Glendale, California, the company was founded in the early 1970s and has grown through development and acquisitions to become one of the largest owner-operators of self-storage facilities in the United States. It is publicly traded on the New York Stock Exchange under the ticker PSA.

The company’s core business is the ownership, operation and management of self-storage properties that serve both residential and commercial customers.